COWDRAY DWFLLINGS TRUST
ANNUAL REPORT AND TrINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

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|||||Page|
|---|---|---|---|---|
|Trustees'|Annual<br>Report|||1-5|
|Independent<br>Auditor's|||Report|6-7|
|Statement|ofFinancial||Activities||
|Balance|Sheet||||
|Cash Flow||||10|
|Schedule|ofInvestments||and Income||
|Notes to|the Financial|Statements||12- 17|





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||||FOR THE Y|EAR ENDED|5APRIL 2022|||
|---|---|---|---|---|---|---|---|
||||||2022|2022|2021|
|||||Note|Unrestricted|Total|Prior year|
||||||funds|fuads|total funds|
|||||||f|K|
|Income from:||||||||
|Charitable<br>activities|||||560,078|560,078|524,421|
|Investments|||||1,134|1,134|1,231|
|Total|||||561,212|561,212|525,652|
|Expenditure|on:|||||||
|Raising funds|||||504,902|504,902|477,407|
|Charitable<br>activities|||||54,293|54,293|54,076|
|Total|||||559,195|559,195|531,483|
|Net income/(expenditure)|||||2,017|2,017|(5,83 1)|
|Gains/(losses)|on investment||assets||7,111|7,111|28,602|
|Net movement|in funds||||9,128|9,128|22,771|
|Reconciliation|offunds:|||||||
|Total funds brought||forward|||3,144,806|3,144,806|3,122,035|
|Total funds carried||forward|||3,153,934|3,153,934|3,144,806|





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|||||AS AT 5APR|IL 2022|||
|---|---|---|---|---|---|---|---|
||||||Note|2022|2021|
|||||||Total|Pnor year|
|||||||funds|funds|
|||||||g||
|Fixed Assets:||||||||
|Tangible assets|||||12|2,920,263|2,920,263|
|Investments|||||11|143,142|136,734|
|Total Fixed Assets||||||3,063,405|3,056,997|
|Current Assets:||||||||
|Debtors|||||13|24,709|22,876|
|Cash at bank|||||14|152,539|150,119|
|Total Current|Assets|||||177,248|172,995|
|Liabilities:||||||||
|Creditors: Amounts||falling|due within one year||15|(86,719)|(85,186)|
|Net Current<br>Assets||or Liabilities||||90,529|87,809|
|Total Net Assets or||Liabilities||||3,153,934|3,144,806|
|The Funds of|the Charity:|||||||
|Unrestricted<br>funds||||||3,153,934|3,144,806|
|Total Charity|Funds|||||3,153,934|3,144,806|
|Approved<br>by the Trustees|||on|27 January 2023|and signed on their|behalf by;||



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|||F|ORTHE|Y|EAR ENDED 5A|PRIL 2022|||
|---|---|---|---|---|---|---|---|---|
|||||||Note|2022|2021|
||||||||Total|Prior year|
||||||||funds|funds|
|Cash generate from operating|||activities:||||||
|Net cash provided|by (used in) operating|||activities||17|(559,495)|(515,423)|
|Cash flows from|other|sources:|||||||
|Dividends,<br>interest|and|rents from investments|||||561,212|525,652|
||||||||561,212|525,652|
|Application<br>ofcash:|||||||||
|Sale ofinvestments|||||||703||
||||||||703||
|Net increase/(decrease)||in cash|||||2,420|(10,229)|
|Cash at bank and|in hand less overdrafts|||at|the beginning||150,119|139,890|
|ofthe year|||||||||
|Cash at bank and in||hand less overdrafts|||at year end|18|152,539|150,119|





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||f4067 [2021:|f4067 [2021:|f4006].||||
|---|---|---|---|---|---|---|
|4.|Income from||charitable|activities|2022|2021|
||Rental income||||559,613|524,306|
||Other properLy||income||350||
||Wayleaves||||115|115|
||||||560,078|524,421|
|5,|Investment|income|||2022|2021|
||||||K|g|
||Income from|investments|||1,134|1,231|
||||||1,134|1,231|





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|||||||FORTHE YEA|R ENDED 5APRIL 2022|||
|---|---|---|---|---|---|---|---|---|---|
|6.|Expenditure|||on raising||funds||2022|2021|
||Investment||management|||fees||51||
||Rates paid|||||||16,771|23,992|
||Insurance|||||||8,242|7,934|
||Repairs and||maintenance|||||401,143|349,191|
||Finance|||||||195|353|
||Legal and|professional|||fees|||78,500|75,387|
||Other property|||expenses|||||20,550|
|||||||||504,902|477,407|
|7.|Charitable||activities||||Direct|Support||
||||||||costs|costs||
||||||||(see note S)|(see note 9)|Total|
|||||||||K||
||Charitable|expenditure|||||50,000|4,293|54,293|



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|off50000 in fu|rtheran|ce<br>o|fits charitable<br>objectives.|||
|---|---|---|---|---|---|
|Support costs||||2022|2021|
||||||K|
|Administration|expenses|||4,067|4,006|
|Legal Entity Identification|||number fee|149|70|
|Portfolio Stewardship||fees||77||
|||||4,293|4,076|



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|11.Fixed|asset investments|asset investments|2022|2021|
|---|---|---|---|---|
||||g||
|Market|value|brought<br>forward|136,734|108,132|
|Less disposal||proceeds|(703)||
|Net gains/(losses)<br>on investments|||7,11)|28,602|
|Market|value|carried forward|143,142|136,734|
|Geographical||analysis|2022|2021|
||||g||
|United|Kingdom<br>investments||143,142|136,734|
||||143,142|136,734|



||unrealised<br>gains on revaluati|unrealised<br>gains on revaluati|on<br>to market value off691|7[2021: gain 628602].||
|---|---|---|---|---|---|
|12.|Tangible assets|||2022|2021|
||67 dwellings|near Midhurst,|Sussex|2,920,263|2,920,263|
|||||2,920,263|2,920,263|





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|||||FOR|THE|YEAR EN|DED 5 A|PRIL 2022|||
|---|---|---|---|---|---|---|---|---|---|---|
|13.|Debtors||||||||2022|2021|
||Rents receivable||||||||22,733|19,504|
||Prepayments||||||||1,976|3,372|
||||||||||24,709|22,876|
|14,|Cash at bank||||||||2022|2021|
||Royal Bank ofScotland|||pic|||||46,110|49,082|
||Schroder &Co|Limited|||||||694|262|
||National<br>Westminster||Bank||||||105,735|100,775|
||||||||||152,539|150,119|
|15.|Creditors: Amounts||falling due||within|one year|||2022|2021|
||Trustees fees||||||||11|(26)|
||Accruals||||||||25,621|22,555|
||Cowdray<br>Estate|building||works|||||33,922|38,072|
||Rent Deposits||||||||27,165|24,515|
||Investment<br>management|||fees||||||70|
||||||||||86,719|85,186|
|16.|Movement<br>in funds||||||||2022|2021|
||Unrestricted<br>funds:||||||||||
||Balance brought|forward|||||||3,144,806|3,122,035|
||Net movement|in funds|||||||9,128|22,771|
||Balance carried|forward|||||||3,153,934|3,144,806|
||Net movement|in funds||included|in the|above are|as follows'.||||
||||||||||Gains and|Movement|
||||||||Income|Outgoings|losses|in funds|
||Unrestricted<br>funds||||||56,361|(54,344)|7,111|9,128|





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|17.|Reconciliation<br>of|net income/(expenditure)|net income/(expenditure)|net income/(expenditure)|to net cash flow from Operating|to net cash flow from Operating|Activities||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||Net income/(expenditure)||(as per the Statement ofFinancial Activities)||||2,017|(5,831)|
||Adjustments<br>for:||||||||
||Dividends,<br>interest|and rent from investments||||(561,212)||(525,652)|
||(Increase)/decrease|in debtors|||||(1,833)|(248)|
||Increase/(decrease)|in creditors|||||1,533|16,264|
||Net cash provided|by/(used|in) Operating|Activities||(559,495)||(515,467)|
|18.|Analysis ofcash at bank||and in hand less||overdrafts||2022|2021|
||||||||g||
||Cash at banl& and in hand|||||152,539||150,119|
|||||||152,539||150,119|



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